The adjusted trial balance of Teal Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $748,300, Delivery Expense $11,210, Sales Returns and Allowances $23,800, and Sales Discounts $12,890. Prepare the revenues section of the income statement.

Prepare separate closing entries for (1) sales and (2) the contra accounts to sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Exercise 3-13 The adjusted trial balance of Teal Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $748,300, Delivery Expense $11,210, Sales Returns and Allowances $23,800, and Sales Discounts $12,890. Prepare the revenues section of the income statement. TEAL COMPANY Income Statement SHOW LIST OF ACCOUNTS Prepare separate closing entries for (1) sales and 2) the contra accounts to sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1. Click if you would like to Show Work for this question: Open Show Work